US economy expands 3.4% in Q4, shows final reading
Figure revised up from 2nd reading of 3.2% made last month
By Ovunc Kutlu
ISTANBUL (AA) - The US economy expanded 3.4% in the fourth quarter of 2023, according to the Commerce Department's third and final reading released Thursday.
The figure is revised up from the second reading of 3.2% made last month.
The American economy expanded by 4.9% in the third quarter of last year.
The current dollar GDP increased 5.1% at an annual rate, or $346.9 billion, in the fourth quarter to reach $27.96 trillion, the Commerce Department said in a statement.
This is an upward revision of $12.4 billion from the previous estimate that was made in February, it added.
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